USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 14, 1997

For a non-Maryland resident

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $11,000,000 for a ticket purchased in Maryland, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Maryland

Drawing Date:Fri, Nov 14, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,778$14,818$117,969
2$173,844$34,765$15,559$123,520
3$182,536$36,851$16,337$129,348
4$191,663$39,042$17,154$135,468
5$201,246$42,085$18,012$141,149
6$211,309$45,305$18,912$147,091
7$221,874$48,686$19,858$153,330
8$232,968$52,236$20,851$159,881
9$244,616$55,990$21,893$166,733
10$256,847$60,271$22,988$173,588
11$269,689$64,766$24,137$180,786
12$283,174$69,486$25,344$188,344
13$297,332$74,441$26,611$196,280
14$312,199$79,644$27,942$204,613
15$327,809$85,108$29,339$213,362
16$344,199$90,845$30,806$222,549
17$361,409$96,868$32,346$232,195
18$379,480$103,193$33,963$242,324
19$398,454$109,834$35,662$252,959
20$418,376$116,807$37,445$264,125
21$439,295$124,128$39,317$275,850
22$461,260$131,816$41,283$288,162
23$484,323$139,888$43,347$301,088
24$508,539$148,363$45,514$314,661
25$533,966$157,263$47,790$328,913
26$560,665$166,607$50,179$343,878
27$588,698$176,419$52,688$359,590
28$618,133$186,897$55,323$375,913
29$649,039$198,332$58,089$392,618
30$681,491$210,340$60,993$410,158
Total$11,000,000$2,979,054$984,500$7,036,445

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.